Drilling firm issues bond
Local drilling company National Company for Drilling Works (ENTP) has issued an AD 8,000 million ($110 million) two-tranche bond, arranged by Banque Exterieur d'Algerie. The instrument consists of a AD 4,450 million ($61.2 million) five-year portion paying an annual 3.3 per cent, and a AD 3,500 million ($48.8 million) portion paying 3.5 per cent. Subscriptions were received in excess of AD 10,000 million ($137.5 million).
Subscriber access only
Sign In
- If you are a new, paid MEED subscriber accessing the site for the first time, please activate your account.
- If you are a registered user who would like to to enjoy unlimited access to MEED.com, click subscribe to purchase a subscription or contact Customer Service by email or by calling +971 (0) 4 368 1588.
- Alternatively, you may browse MEED.com as a registered user for free. Our quick registration will allow you to sample premium business intelligence which is otherwise only available to paying subscribers through our Editor's Choice section, sign up for newsletters and to set up a library of saved articles.
